Question $1(3$ points$)$

Square attained a solid foothold in small retail and service businesses in the United

States, such as hair salons, massage therapists, and food trucks. Currently, Square

gets a large percentage of its revenue $($greater than $20$ percent$)$ from the restaurant

business."Square for restaurants" allows restaurant owners to manage their entire

Point of Sale $($POS$)$ system, including credit card and mobile wallet payments, menu

updates, floor layouts, employee scheduling, tip splitting, payroll processing, and

employee performance tracking using a single platform, as well as tools such as

customer relationship management, inventory management, and employee

management. Square's blueprint for how and why the company's business

approaches will generate revenues sufficient to cover costs and produce attractive

profits and returns on investment

accounts for why a company's financial objectives are at the stated level.

best describes what is meant by a company's strategy.

best describes what is meant by a company's business model.

portrays the essence of a company's business purpose or mission.

is what is meant by the term strategic intent.